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Supermicro Announces Pricing of Public Offering of Common Stock
March 19, 2024 11:44 PM Eastern Daylight Time
SAN JOSE, Calif.--(BUSINESS WIRE)--Super Micro Computer, Inc. (“Supermicro” or the “Company”) (Nasdaq: SMCI) , today announced the pricing of its previously announced underwritten public offering of 2,000,000 shares of its common stock at a public offering price of $875.00 per share. Additionally, the Company has granted the underwriter a 30-day option to purchase up to an additional 300,000 shares of common stock at the public offering price, less underwriting discounts and commissions. The gross proceeds to Supermicro are expected to be $1.75 billion before deducting underwriting discounts, commissions and estimated offering expenses, and assuming no exercise of the underwriter’s option to purchase additional shares. The offering is expected to close on or about March 22, 2024, subject to customary closing conditions.

The Company currently intends to use the proceeds from the offering to support its operations, including for purchase of inventory and other working capital needs, manufacturing capacity expansion and increased R&D investments.

Goldman Sachs & Co. LLC is acting as sole underwriter and sole book-running manager for the offering.

The offering is being made pursuant to an effective registration statement on Form S-3 that was filed with the Securities and Exchange Commission (the “SEC”) on March 19, 2024. A final prospectus relating to the offering will be filed with the SEC and may be obtained, when available, by contacting Goldman Sachs & Co. LLC, 200 West Street, New York, NY 10282, Attention: Prospectus Department, by telephone at [phone] or by emailing [e-mail].